Revolution Or Cynical Ploy: Fashion Woos Older Women

Posted by khalling 9 years ago to Economics
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It is an interesting recent trend. However, the reason I post this is to show the world economic decline. Note almost at the end of the article, it references the fact that british pensions are protected by the state, and so, they are now the ones with the spending power. The lack of a middle class moving into upper middle class and then wealthy is non-existent for the fashion industry.
SOURCE URL: http://www.france24.com/en/20150402-revolution-or-cynical-ploy-fashion-fetes-older-women/


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  • Posted by Mamaemma 9 years ago
    Your point about the lack of the upper middle class is accurate. Being in practice 39 years, I have seen it happen. One example is that in my town of about 80,000, 75% of the students at the private school have their tuitions paid by their grandparents, not their parents.
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  • Posted by $ jbrenner 9 years ago
    British pensioners are not the only ones with the spending power. Reason Magazine just published a story about wealth transfer to seniors in the USA a month or two ago.
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